**Indian Overseas Bank Delivers Strong Q1FY26 Results, Net Profit Jumps 76%**

Indian Overseas Bank began FY26 on a strong note, reporting an impressive 76 percent surge in net profit to ₹1,111 crore for the quarter ended June 2025, compared to ₹633 crore in the same quarter last year. The bank’s performance reflects continued focus on strengthening profitability, improving asset quality, and driving digital-led growth. Operating profit rose sharply by 40.7 percent year-on-year to ₹2,358 crore, backed by higher net interest income, which grew by 12.5 percent year-on-year to ₹2,746 crore. Non-interest income also registered a healthy 43.4 percent growth, contributing to the overall strong financial performance. On the business front, Indian Overseas Bank reported a healthy 10.75 percent year-on-year growth in total deposits, which stood at ₹3.31 lakh crore. Advances rose 14.05 percent to ₹2.62 lakh crore. The bank also strengthened its low-cost deposit base, with CASA deposits rising 15 percent year-on-year and CASA ratio improving to 43.78 percent. The asset quality continued to show significant improvement. Gross NPA ratio reduced to 1.97 percent, while Net NPA came down to 0.32 percent. Provision Coverage Ratio remained robust at 97.47 percent, reflecting the bank’s prudent risk management. Profitability metrics witnessed meaningful improvement, with Return on Assets increasing to 1.14 percent and Return on Equity climbing to 19 percent. Capital Adequacy Ratio stood healthy at 18.28 percent, positioning the bank well for future growth. The bank is also accelerating its digital transformation journey with initiatives like AksharaPIN for personalized banking PINs, an upgraded mobile banking app with integrated UPI and account aggregator functionalities, and broader digital outreach programs. Further, Indian Overseas Bank reaffirmed its ESG commitment through green finance initiatives such as EV loans, solar energy funding, and its participation in global sustainability platforms like PCAF.